Silgan Holdings Inc. (NYSE:SLGN) experienced a 15.23% drop in stock value on Wednesday, closing at $47.3 per share. The company revised its adjusted net income per diluted share for 2025 to $3.85 to $4.05, down from the previous estimate of $4.00 to $4.20.

The lower growth outlook for Silgan Holdings was attributed to decreased volume expectations for specialty closures in the North American beverage market and the impact of a recent customer bankruptcy in the Metal Containers business. The third quarter is expected to be affected by these factors as well.

In the second quarter, Silgan Holdings reported a 17% increase in net income to $89 million and an 8.7% rise in net sales to $1.5 billion year-on-year. Despite this positive performance, the company’s stock suffered a significant decline due to the revised outlook for 2025.

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Read more at Yahoo Finance: Silgan Holdings (SLGN) Dives 15% on Lower Growth Outlook